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Gaming

Macau GGR up 26% year-on-year to US$ 2.30 B in April

Friday 03 de May 2024 / 12:00

2 minutos de lectura

(Macau).- Macau’s gross gaming revenue came in at MOP$18.55 billion (US$2.30 billion) in April, representing a 26.0% year-on-year increase although slightly down on the MOP$19.5 billion (US$2.42 billion) recorded in March. The daily run-rate of MOP$618 million (US$76.7 million) was 1.7% lower than the March run-rate of MOP$629 million (US$78.0 million).

Macau GGR up 26% year-on-year to US$ 2.30 B in April

The sequential decline was not unexpected, with analysts pointing to seasonality as a contributing factor. Investment bank JP Morgan said recently that although April GGR was tracking below March, it had shown encouraging signs of stabilization towards the end of the month.

The April result takes total GGR through the first four months of 2024 to MOP$75.87 billion (US$9.41 billion), up 53.7% year-on-year and equivalent to 76.1% of GGR through the same period in 2019.

Brokerage CLSA recently revised upwards its 2024 GGR forecast for Macau, estimating a full year tally of US$30.3 billion due to higher visitation trends in the traditionally slower months.

If accurate, the updated projection would see Macau’s GGR growing by 34% year-on-year from US$22.8 billion in 2023.

Categoría:Gaming

Tags: Sin tags

País: Macao

Región: Asia

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00

Unveiling innovations: WA.Technology's highlights from GAT Expo 2024

(Cartagena de Indias, SoloAzar Exclusive).- In an exclusive interview with Patricio Molloy, Business Development Latam at WA.Technology, we delve into the latest offerings showcased by this leading gaming solutions supplier firm at the GAT Expo Cartagena 2024. From a comprehensive iGaming platform to cutting-edge AI integration, discover how this company is shaping the future of gaming experiences in Latin America and beyond.

Monday 06 May 2024 / 12:00

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